Egdon reports 530% increase in oil and gas revenues
The oil and gas operator, Egdon Resources, has reported increased revenues of more than 530% because of rising production and prices.
Wytch Farm operator loses £101m+
The UK’s largest producing onshore oil producer lost more than £100m last year, according to company accounts.
Wressle proppant squeeze still awaiting consent but West Newton well tests imminent – Union Jack
Final consent had not yet been granted for the stimulation of the Wressle oil well in North Lincolnshire, Union Jack Oil confirmed today. But the company announced that tests on wells at two West Newton sites in East Yorkshire were expected soon.
March 2020 headlines
You can keep up with the news here with our digest of headlines about UK fracking, shale and onshore oil and gas, updated daily.
Loss of Bury Hill Wood pushes Union Jack 2018 deficit over £1m
The onshore oil and gas company, Union Jack Oil has announced a loss of £1.1m in its accounts for 2018, published today. This compares with a deficit of £0.75m in 2017.
IGas in talks with bondholder Trans European Oil & Gas and new investors
IGas confirmed this morning it was having discussions with Trans European Oil & Gas, thought to be a leading holder of its secured debt.
DRILL OR DROP? 